[135 Pages Report] The Cloud Based PLM Marketsize is estimated to grow from USD 18.65 Billion in 2016 to USD 40.55 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 16.80% from 2016-2021.

Managing re-engineering in real-time, integration into ERP system, customer management, vendor configuration, 3D printing, and Internet of Things (IoT) devices are some of the emerging aspects increasing the demand for cloud-based PLM solutions. The report aims at estimating the market size and future growth potential of the cloud-based PLM market across different segments, such as applications, organization size, industry verticals, and regions. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021. PLM as a platform, Building Information Modeling (BIM) & product engineering, and cloud enabled PLM solutions are the upcoming trends in the Cloud Based PLM Market . These trends in the cloud-based PLM market would also help the enterprises focus on customer relationship and enhanced monitoring of PLM processes.

The research methodology used to estimate and forecast the cloud based Product Lifecycle Management (PLM) market begins with capturing data on key vendor revenues through secondary research, such as Cloud Computing Association (CCA), The Computer Science and Engineering Association (CSEA), Asia Cloud Computing Association (ACCA), Information System Security Association (ISSA), Information Systems Audit and Control Association (ISACA), and many more. The vendors offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall market size of the global Cloud Based PLM Marketfrom the revenue of the key players in the market. After arriving at the overall market size, the total market is split into several segments and sub-segments, which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of profiles of primary is depicted in the below figure:

The research study answers several questions for the stakeholders, primarily which market segments to focus in during the next two to five years for prioritizing the efforts and investments.

Scope of the Report

The research report categorizes the Cloud Based PLM Marketto forecast the revenues and analyze the trends in each of the following sub-markets:

By Application

Portfolio Management

Product Data Management

Collaborative Design and Engineering

Customer Management

Compliance Management

Others

By Organization Size

Small and Medium Enterprise (SME)

Large enterprise

By Vertical

Aerospace and Defense

Healthcare and Life Sciences

Retail and Consumer goods

Energy and Utilities

Industrial Machinery and Heavy Equipment

Telecommunication and IT

Automotive and Transportation

Semiconductor and Electronics

Others

By Region

North America

Europe

Middle East and Africa (MEA)

Asia-Pacific (APAC)

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:

Product Analysis

Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

Further breakdown of the North American cloud-based PLM market

Further breakdown of the European cloud-based PLM market

Further breakdown of the APAC Cloud Based PLM Market

Further breakdown of the MEA cloud-based PLM market

Further breakdown of the Latin American cloud-based PLM market

Company Information

Detailed analysis and profiling of additional market players

The Cloud Based PLM Marketis expected to grow from USD 18.65 Billion in 2016 to USD 40.55 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.80% during the forecast period. Rising need for integrated PLM solution, effective management of supply chain, and increasing adoption of Internet of Things (IoT) are driving the cloud PLM market.

The customer management is expected to grow at the highest CAGR during the forecast period, followed by compliance management and collaborative design and engineering. As the enterprises are looking for ways to enhance their customer experience, and majorly focusing on customer retention, the demand for customer management application in the Marketis increasing. Moreover, cloud-based PLM not only helps in retaining the customers but also delivers value by developing a healthy customer-provider relationship.

For Cloud Based PLM Marketproviders environmental compliance is a major concern. To address the issues, PLM providers are offering compliance management applications. The demand for compliance management is driven by regulations such as Restriction of Hazardous Substances (RoHS), Registration, Evaluation, Authorization and Restriction of Chemical substances (REACH), and Waste Electrical and Electronic Equipment Directive (WEEE).

North America is expected to have the largest market share in 2016, whereas Asia-Pacific (APAC) region is expected to grow at a highest CAGR from 2016 to 2021 in the Cloud Based PLM Market . The major growth factors that would drive the adoption of cloud PLM include the increasing need to focus on customer relationship management and rising cloud-based application.

Slower adoption rate of cloud based PLM solutions and lack of strong network of PLM providers are the major restraints in the market. The key vendors in the cloud based PLM market are Dassault Systemes (France), Siemens AG (Germany), PTC Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Autodesk, Inc. (U.S.), Arena Solutions, Inc. (U.S.), Aras (U.S.), Infor (U.S.) and Accenture PLC (U.S.). These players have adopted various strategies, such as new product developments, acquisitions, and partnerships, to serve the cloud-based PLM market.

Lack of strong network of PLM providers and slow adoption of Cloud Based PLM Market are some of the major restraints and challenges in the market. The need for agile & flexible solutions for collaboration between enterprises and supply chain is driving the adoption of cloud PLM application in the market.

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Figure 1 Global Cloud Based PLM Market: Research DesignFigure 2 Market Size Estimation Methodology: Bottom-Up ApproachFigure 3 Market Size Estimation Methodology: Top-Down ApproachFigure 4 Market Breakdown and Data TriangulationFigure 5 The Demand for Cloud Based PLM is Expected to Increase in the Small and Medium Enterprises Segment During the Forecast PeriodFigure 6 Customer Management Application is Expected to Grow With the Highest CAGR During the Forecast PeriodFigure 7 Retail and Consumer Goods Vertical has High Demand for PLM and is Expected to Grow During the Forecast PeriodFigure 8 North America is Expected to Lead the MarketFigure 9 Emergence of PLM-As-A-Platform Can Be A Major Opportunity for the Market to GrowFigure 10 Customer Management Application is Expected to Witness the Highest Growth Rate During the Forecast PeriodFigure 11 Large Enterprises Segment is Projected to Have the Largest Market ShareFigure 12 Aerospace and Defense Vertical Accounts for the Largest Share in the Market and Asia-Pacific is Expected to Grow With the Highest CAGRFigure 13 Market: EvolutionFigure 14 Market Segmentation: By ApplicationFigure 15 Market Segmentation: By Organization SizeFigure 16 Market Segmentation: By Industry VerticalFigure 17 Cloud Based PLM Market Segmentation: By RegionFigure 18 Market: Drivers, Restraints, Opportunities, and ChallengesFigure 19 Value Chain: MarketFigure 20 Functions of Cloud Based PLM Figure 21 Strategic Benchmarking: MarketFigure 22 Customer Management is Expected to Gain Traction Due to the Increasing Demand for Cloud ServicesFigure 23 Small and Medium Enterprises are Expected to Grow With the Highest CAGR During the Forecast PeriodFigure 24 Retail and Consumer Goods Vertical is Expected to Dominate the MarketFigure 25 Middle East and Africa is Expected to Show Highest Growth in the Market Due to Increasing Cloud and IOT AdoptionFigure 26 Asia-Pacific and the Middle East and Africa are Expected to Have Major Market Share in the Coming YearsFigure 27 North America: Market SnapshotFigure 28 Asia-Pacific: Market SnapshotFigure 29 Companies Adopted the Strategy of New Product Launches as the Key Growth Strategy From 2013 to 2016Figure 30 Product Portfolio Comparison of the Top Five CompaniesFigure 31 Market Evaluation FrameworkFigure 32 Battle for Market Share: the Strategy of New Product Launches Was the Key Strategy Adopted By Key Players in Market During 20142016Figure 33 Dassault Syst่mes: Company SnapshotFigure 34 Dassault Syst่mes: SWOT AnalysisFigure 35 Siemens AG: Company SnapshotFigure 36 Siemens AG: SWOT AnalysisFigure 37 PTC, Inc.: Company SnapshotFigure 38 PTC, Inc.: SWOT AnalysisFigure 39 Oracle Corporation: Company SnapshotFigure 40 Oracle Corporation: SWOT AnalysisFigure 41 SAP SE: Company SnapshotFigure 42 SAP SE: SWOT AnalysisFigure 43 Autodesk, Inc.: Company SnapshotFigure 44 Accenture PLC: Company SnapshotFigure 45 Infor, Inc.: Company Snapshot

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